IRE-TEX CORPORATION BERHAD-ICULS 14/19

KLSE (MYR): IRETEX-LA (7183LA)

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Last Price

0.01

Today's Change

0.00 (0.00%)

Day's Change

0.00 - 0.00

Trading Volume

0


1 person likes this.

389 comment(s). Last comment by RedBean2015 2016-02-29 17:19

Feimaw

1,161 posts

Posted by Feimaw > 2014-07-10 12:02 | Report Abuse

Amazing that Bursa allowed such Big Con happened for so many days , Ha Ha Ha

Posted by jennylee1382 > 2014-07-10 12:03 | Report Abuse

iretex la will drop to wat?

Feimaw

1,161 posts

Posted by Feimaw > 2014-07-10 12:06 | Report Abuse

Less than 10 trading days pumped up to 16 and throw down to as at now 7 cents. What a joke for such thing to happened under the governance of Bursa? Ha Ha Ha

Feimaw

1,161 posts

Posted by Feimaw > 2014-07-10 12:07 | Report Abuse

memang lawak betul ha ha ha

Feimaw

1,161 posts

Posted by Feimaw > 2014-07-10 12:11 | Report Abuse

Raja lawak bursa Iretex-LA ha ha ha

jrjs

193 posts

Posted by jrjs > 2014-07-10 12:14 | Report Abuse

so, any body can explain this happen? why everyday seem like dropping?

Feimaw

1,161 posts

Posted by Feimaw > 2014-07-10 12:18 | Report Abuse

Cashing out from investors raya money

zackboy

243 posts

Posted by zackboy > 2014-07-10 12:19 | Report Abuse

Sell!

Feimaw

1,161 posts

Posted by Feimaw > 2014-07-10 12:23 | Report Abuse

Those experts repeated promote 52.5 cents + LA = still very cheap lah bla bla lah semua now hilang. Tinggal small investor at Holland cannot come back for raya holidays...

Flybird

511 posts

Posted by Flybird > 2014-07-10 12:25 | Report Abuse

1). 8 LA = 1 mother ; now LA is trade @ 0.07 , mother trade at 0.605

=> 0.07 x 8= 0.56 , market price 0.605 , proceed 0.0405

2). 1LA +0.525= 1 mother , 0.07+ 0.525=0.595

How low LA still can drop ? Is opportunity to accumulate now

Feimaw

1,161 posts

Posted by Feimaw > 2014-07-10 12:26 | Report Abuse

Actually this is most pariah con job I had seen in recent time because no yo yo style . Just traditional all the way to Holland style. Macam mana nak dapat pengikut if want to con next time ha ha ha

Feimaw

1,161 posts

Posted by Feimaw > 2014-07-10 12:28 | Report Abuse

Trust my 2 cents my fellow members, done naik this con ship by thinking its cheap now for god sake

Feimaw

1,161 posts

Posted by Feimaw > 2014-07-10 12:31 | Report Abuse

I like AT suggestion, take your money out from this con LA and put in EAH. Pasti you dapat balik some raya money sucked by these conmen of Iretex-LA

Feimaw

1,161 posts

Posted by Feimaw > 2014-07-10 12:33 | Report Abuse

Fly bird , trust me, put your money somewhere else . This LA thing will suck more money until it reach below 5 cents ETA tomorrow 430pm

luckyman

716 posts

Posted by luckyman > 2014-07-10 12:35 | Report Abuse

So many sellers. Also so many takers...??? What's going on???

Feimaw

1,161 posts

Posted by Feimaw > 2014-07-10 12:39 | Report Abuse

Many investors thought it will rebound like last week, I can understand. That's exactly the conmen targeting so more takers once they moved down half cent by half cent for 7 to 10 mil takers volume = 35k to 50k per move. No rebound will happen, trust me. But is your money, I am doing charity hopefully Ada pahala yang baik ha ha ha

Feimaw

1,161 posts

Posted by Feimaw > 2014-07-10 13:59 | Report Abuse

Lets see by 450pm whether 6 cents penetrate down

DR_AYAM

67 posts

Posted by DR_AYAM > 2014-07-10 14:09 | Report Abuse

feimaw = wahaha126 = syndicatge

Feimaw

1,161 posts

Posted by Feimaw > 2014-07-10 14:27 | Report Abuse

Get ready

Feimaw

1,161 posts

Posted by Feimaw > 2014-07-10 15:49 | Report Abuse

No lah Dr Ayam. I Kucing miaw miaw saja

tpchuayap

855 posts

Posted by tpchuayap > 2014-07-10 15:52 | Report Abuse

Patient

bluesky90

95 posts

Posted by bluesky90 > 2014-07-10 16:15 | Report Abuse

tpchuayap, patient for? still down eh

tpchuayap

855 posts

Posted by tpchuayap > 2014-07-10 16:22 | Report Abuse

haha..when times come, it will be up....buy when it is cheap and sell when you gain profit

Flybird

511 posts

Posted by Flybird > 2014-07-10 16:31 | Report Abuse

If LA cost is 0.06, will they throw with making profit,,, that's what I think lowest is 0.065..
0.07 is very cheap price to buy

Flybird

511 posts

Posted by Flybird > 2014-07-10 16:33 | Report Abuse

Without..

Posted by Alan Soo Wai Leng > 2014-07-10 16:52 | Report Abuse

not low enough

Posted by Alan Soo Wai Leng > 2014-07-10 16:52 | Report Abuse

0.045 ~ 0.05 is the target but prepare to lock down for 3~5 months

Feimaw

1,161 posts

Posted by Feimaw > 2014-07-10 17:18 | Report Abuse

I believe Alan is right. Next few trading days down some more until sangkut 4 cents

Feimaw

1,161 posts

Posted by Feimaw > 2014-07-10 17:19 | Report Abuse

Watching at no cost if drop further. Committing at higher price will hurt you with negative cost . Your choice

JSTS

2 posts

Posted by JSTS > 2014-07-10 17:20 | Report Abuse

为什么?

Feimaw

1,161 posts

Posted by Feimaw > 2014-07-10 17:27 | Report Abuse

becoz once we buy thinking very cheap and feel happy, the next hour it drop further and get burn. But watching and not buying, even if it went up or down , we do not loss money lor

Flybird

511 posts

Posted by Flybird > 2014-07-10 17:28 | Report Abuse

Feimaw, thx, will buy kaw law when the price dropping till 0.05

8LA is only cost me 0.40 =. Supper cheap

Feimaw

1,161 posts

Posted by Feimaw > 2014-07-10 17:35 | Report Abuse

unless you can buy and convert and sell fast fas tat higher price, otherwise, the mother price could drop just over night to lower leh

Feimaw

1,161 posts

Posted by Feimaw > 2014-07-10 17:37 | Report Abuse

The ICULS are issued to the entitled shareholders of Ire-Tex Corporation Berhad (“ITCB”) pursuant to the renounceable rights issue of 470,014,000 or RM35,251,050 nominal value of ICULS at 100% of the nominal value of RM0.075 each (“Rights ICULS”) on the basis of four (4) RM0.075 nominal value of Rights ICULS for every one (1) ordinary share of RM0.40 each in ITCB (“ITCB Share”) held at 5.00 p.m. on 16 May 2014 together with free detachable warrants (“Warrants”) on the basis of one (1) Warrant for every eight (8) Rights ICULS subscribed for (“Rights Issue of ICULS with Warrants”).

Based on the conversion price of RM0.60 (“Conversion Price”), the ICULS may be converted into new ITCB Shares in the following manner:-

(i) by surrendering nominal value of ICULS equivalent to the Conversion Price; or

(ii) by surrendering such number of ICULS together with cash such that in aggregate it amounts to the Conversion Price.

Each registered holder of the ICULS shall have the right on any market day from and including the issue date of the ICULS up to and including the maturity date of the ICULS (“Maturity Date”) to convert such amount of ICULS held into fully paid-up new ITCB Shares at the Conversion Price.

The ICULS will not be redeemable for cash. All outstanding ICULS will be mandatorily converted into new ITCB Shares on the Maturity Date.

Any fractional new ITCB Shares arising from the conversion of the ICULS will be disregarded and shall be dealt with in such manner as the Board of Directors of ITCB shall in its absolute discretion deem fit, expedient and in the best interests of ITCB.

This announcement is dated 13 June 2014.

Feimaw

1,161 posts

Posted by Feimaw > 2014-07-10 17:42 | Report Abuse

not looking good as they push up trapped all small investors and indirectly will force small investors to convert but the money they already masuk pocket

Feimaw

1,161 posts

Posted by Feimaw > 2014-07-10 17:44 | Report Abuse

but is your choice lor

JSTS

2 posts

Posted by JSTS > 2014-07-10 17:53 | Report Abuse

WHY DIDN'T WARN US WHEN IT HITS 15-16 SEN??

Posted by Chuo Siew Ying > 2014-07-10 17:56 | Report Abuse

geram~~~~!!!!! my mother bought 5000 lots @ 11 sen ~~~~~~~~~>_________<

Flybird

511 posts

Posted by Flybird > 2014-07-10 18:03 | Report Abuse

What i guess, big shareholders pressed down the LA price purposely, in term for them to collect more, and convert to mother , is the way to increase their % of the share indirectly,,

L & G LA was happened before !

Posted by SungaiPetani > 2014-07-10 18:47 | Report Abuse

If the fundamental of the company is still intact, the business is still making good revenue and profit, we should not worry too much. It is normal that the share price goes up and down. What comes down will eventually go up again.
To get LA & W up, they need to push up the mother share. Mother touched the lowest @55sen on May 20, then went up at highest @80sen on June 13. I hope that the mother share Iretex will touch rock bottom soon, then start to climb the hill by middle of next week. And hopefully reach higher than 70sen by end of this month. This is just my opinion.

Ayam3

110 posts

Posted by Ayam3 > 2014-07-10 22:45 | Report Abuse

MAMEE!!!!

Ayam4

59 posts

Posted by Ayam4 > 2014-07-10 23:39 | Report Abuse

Cheaper than CSL now...

Cweed

2,262 posts

Posted by Cweed > 2014-07-11 00:21 | Report Abuse

WA oso din drop. Why huh LA cirit birit! Very very curious? Ppl here give loan to company, n company do them in! Maciam Tak betui ni....

tpchuayap

855 posts

Posted by tpchuayap > 2014-07-11 08:13 | Report Abuse

Happy trading and good luck

DR_AYAM

67 posts

Posted by DR_AYAM > 2014-07-11 09:39 | Report Abuse

Ayam Tua Kalah Judi FIFA?

bluesky90

95 posts

Posted by bluesky90 > 2014-07-11 11:14 | Report Abuse

why why why?haix

Feimaw

1,161 posts

Posted by Feimaw > 2014-07-11 11:16 | Report Abuse

If I warn you when it is moving up, what will be your response ? You know for yourself. But everyday still down and more people still think it is good price, I tried to wake you up mah

Feimaw

1,161 posts

Posted by Feimaw > 2014-07-11 11:22 | Report Abuse

Forget about it. Take ur money and put in EAH, will earn back one

Feimaw

1,161 posts

Posted by Feimaw > 2014-07-11 11:32 | Report Abuse

5 cent by today

Posted by safethanregret > 2014-07-11 11:34 | Report Abuse

It has not found its bottom yet. With mother share now at 0.59 cents certainly it questions LA fair value. Be careful.

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